Stuart is considering a 3/27 balloon mortgage with an interest rate of 4.4% to
2 answers:
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<h2>Hello!</h2>
The answer is: There are a total of 16 skits in the video.
<h2>Why?</h2>From the statement, we know that the total length of the video is 101 minutes and it contains a 5-minute introduction, the rest of the minutes are short skits (which are 6 minutes long each one).
So, we need to write the following equations:
First equation:
Second equation:
Where,
So, replacing and substituting the second equation into the first equation we have:
So, there are a total of 16 skits in the video.
Let's prove it substituting "n" into the first equation:
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Amount =$48003.20
Step-by-step explanation:
Here apply the compound interest formula;
where;
P=Principal amount invested = $37500
r=rate of interest as a decimal, 2.5% =0.025
n=number of compounding per year=1
t=time period the amount in invested=10
In our case, the amount after investing will be;
Interest earned after the period= $48003.20-$37500 =$10503.20
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Compound Interest formula application: brainly.com/question/7014337
Keywords: inherit, sum, money, interest
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